The 2023-24 NFL season is in the books, and now we’re looking ahead to two key offseason activities: free agency and the 2024 NFL draft. One of the players set to hit free agency is Tennessee Titans running back Derrick Henry. According to ESPN senior NFL reporter Jeremy Fowler, the Baltimore Ravens are a team that may “target a ruining back with a pedigree in free agency,” making Henry a primary target.
Below, we’ll review the odds of the top favorites to land Derrick Henry. All odds are from DraftKings Colorado. Betting on trades might not be legal in your state, so make sure to check and follow all rules and regulations.
Derrick Henry 2024 next team odds
- Baltimore Ravens: +110
- Dallas Cowboys: +450
- Miami Dolphins: +1000
- Houston Texans: +1000
- Tennessee Titans: +1000
- Los Angeles Chargers: +1100
- Philadelphia Eagles: +1200
- Minnesota Vikings: +1500
- Green Bay Packers: +1500
- Las Vegas Raiders: +2500
- Kansas City Chiefs: +2500
- Cincinnati Bengals: +2500
- Chicago Bears: +2500
- Buffalo Bills: +2500
- New England Patriots: +5000
- Los Angeles Rams: +5000
- Washington Commanders: +5000
- Pittsburgh Steelers: +6000
- New York Giants: +6000
- Carolina Panthers: +6000
- New York Jets: +7500
- Jacksonville Jaguars: +7500
- Denver Broncos: +7500
- Cleveland Browns: +7500
- Arizona Cardinals: +7500
- Tampa Bay Buccaneers: +7500
- Seattle Seahawks: +10000
- New Orleans Saints: +10000
- Indianapolis Colts: +10000
- Detroit Lions: +10000
- Atlanta Falcons: +10000
- San Francisco 49ers: +10000
Odds as of Feb. 23 via DraftKings Sportsbook Colorado — not available on all NFL betting sites.
Implied odds of signing Derrick Henry
| Team | Implied probability |
| Baltimore Ravens | 28.8% |
| Dallas Cowboys | 11.0% |
| Miami Dolphins | 5.5% |
| Houston Texans | 5.5% |
| Tennessee Titans | 5.5% |
| Los Angeles Chargers | 5.0% |
| Philadelphia Eagles | 4.6% |
| Minnesota Vikings | 3.8% |
| Green Bay Packers | 3.8% |
| Las Vegas Raiders | 2.3% |
| Kansas City Chiefs | 2.3% |
| Cincinnati Bengals | 2.3% |
| Chicago Bears | 2.3% |
| Buffalo Bills | 2.3% |
| All other teams | <2.0% |
Our implied probability calculation uses the sportsbook’s odds minus the vigorish charged by that sportsbook.
Teams favored to sign Derrick Henry
Baltimore Ravens: +175
The Ravens will be seeking running back help. J.K. Dobbins suffered yet another season-ending surgery before last season, and the team had various other injuries to the position. Not only did Fowler make his report, but ESPN analyst and former player Robert Griffin III cited the following below:
Dallas Cowboys: +550
Moving down odds boards, we land on the Cowboys. NFL Network analyst Michael Irvin has said, “Put a star on the side of your helmet.” Last season, including the postseason, Tony Pollard had 267 carries for 1,061 yards and seven touchdowns. Rico Dowdle added 91 carries for 372 yards and two TDs. However, the Cowboys are $21.5 million over the salary cap.
Philadelphia Eagles: +650
The Eagles are set to lose Rashaad Penny and D’Andre Swift in free agency, and they accounted for 250 carries combined last season, including the playoffs. Swift had 239 of those carries for 1,083 yards and five touchdowns. The lack of running back depth and Henry’s pedigree could make him an attractive target.
Houston Texans: +750
While Dameon Pierce is still on the roster through this year and next, Devin Singletary is set to hit the open market, and he accounted for 238 carries on the season, including the playoffs, totaling 986 yards and five touchdowns. The Texans appear to be an ascending team, and Henry’s skill could assist them in their quest to topple the AFC.
Miami Dolphins: +1000
The Dolphins have Raheem Mostert under contract through 2024 and an ascending rookie in De’Von Achane. However, adding Henry would likely make for a more than formidable backfield that would take some pressure off the shoulders of quarterback Tua Tagovailoa. That said, Mostert had 18 rushing touchdowns last season, and the team combined for 456 carries, 2,308 yards, and 27 touchdowns. The 27 touchdowns were tied for the league lead with the San Francisco 49ers and Detroit Lions.
